How Sacos Education Plan can pay your child’s private school tuition fees

Like many parents, you may currently be contemplating whether to put your child in private or public school. Both are very great options by the way. However, if you are more inclined to choose private school,  the Sacos Education Plan can help to contribute towards the annual tuition fees.

How is that possible, you ask?

Sacos Education Plan has some very unique features, compared to other life insurance plans. These features were especially designed to support parents in providing the best education for their children.

  • Survival benefits paid out at intervals

The Sacos Education Plan, which is available for terms of 10, 15 or 20 years,  pays out survival benefits (of the sum assured) at intervals. 10% of the sum assured is paid out every year for five years from the last six years of the term taken and 50% of the sum assured is paid out in the last year. This provides parents with an easily available annual cashflow for tuition fees payment.

  • Survival benefits matches academic years for Secondary schools

Secondary education in Seychelles usually runs for five years. The interval payment of the Sacos Education Plan (10% every year for five years) coincides with the academic years for secondary education. Parents can thus use this insurance plan to fully meet the tuition cost for secondary school.

  • Match the survival benefit with the annual tuition fees

If the tuition fees are SCR10,000 per term, parents are expected to pay SCR30,000 each year to the school. Parents should ensure that the 10% survival benefits is sufficient to cover the cost of the annual tuition fees. In the above example, the 10% annual survival benefits should be at least SCR30,000 or more in order to cover the full cost of the tuition fees. In the above example, the sum assured needs to be at least SCR300,000 to fully cover the cost of the annual tuition fees every year.

  • Schedule your survival benefits in line with tuition fees due date

In order for you to meet the due date for the payment of the tuition fees, you have to ensure that the survival benefits are paid in a timely manner. To give yourself some room to breathe and avoid unexpected delays, ensure that the survival benefit is paid out at least two months before the due date for the tuition fees. If the annual fees have to be paid in January, then it is safer to ensure that your first payment is received by November of the previous year.

  • Use the remaining 50% for other academic fees

Remember, that you have received 10% of the sum assured each year for five years which have gone towards the private tuition fees for the secondary school. In the example given above, you have received and paid SCR150,000 for tuition fees. You are now left with 50% of the sum assured (SCR300,000) which is paid out in the last year (the sixth year). With the 50% remaining (which is SCR150,000), you can contribute towards other academic fees that come up, e.g. tuition fees for A’Levels (normally 2 years) or sending your child to college overseas, payment for exam resits or contribution towards university costs(for example application fees, airfares, accommodation etc.).

The Sacos Education Plan was especially designed to help parents meet the cost of education for their children. This ensures that your child is able to make the most out of the opportunities available in life. This plan is also ideal for primary education fees as well as university tuition fees.

The figures above are only indicative, for a substantial quotation, you can complete our request for quote on our website (https://www.sacos.sc/here-for-you/education-plan/) providing us your details, send an email to life@sacos.sc, call us on 4295000 or visit any one of our branches.

4 Lucky Clients Win-Back Their Motor Full Comprehensive Premium with Sacos!

Monday 18th May 2020

Ms. Jeanne D’Arc Louis, Mrs. Nazreen Alibhaye, Mr. Joel Vidor and Mr. Joseph Adam are the first four lucky winners of our Win-Back Your Motor Full Comprehensive Premium for the first 4 months of 2020. They are now part of 23 lucky clients that have won-back their insurance premium since we launched the promotion in May 2018 as part of our loyalty program. The promotion is about giving back to our customers, whereby every month one lucky winner wins back their full comprehensive insurance premium of up to SR30,000.

The winners who have all been Sacos’ clients for many years collected their prizes this week from our CEO, Ms. Jennifer Morel.

Ms. Jeanne D’Arc Louis, who also has a small business was very appreciative of the reward, has this to say “This comes at an opportune time, given the difficulties we are facing with Covid-19”. “I have absolutely no regret for insuring my vehicles and home with Sacos” said Mr. Joel Vidot, who has been a client for many years. The other two winners were equally excited and appreciative in winning back their motor insurance.

In addition to the 4 lucky winners, ten other clients: Bernadette Rosette, Andre Pool, Raymond Richemond, Sven Biermann, Germaine and Etienne Gill, Gustave Uzice, Sonny Lesperance, Robert Adrienne, Marise Berlouis and Staniella Port-Louis,  also won consolation prizes, consisting of motor related Sacos branded items.

Our win back promotion will continue throughout 2020 and the next draw will be in the first week of June 2020.

Here is how you can be a winner for the remaining 8 months of 2020:

Ensure you renew or purchase your Motor Private/Taxi Full Comprehensive Insurance with Sacos.

To get the chance to be a winner for the month of May ensure you renew or purchase your insurance before the end of May 2020 and your name will go in the next draw.

Sacos here for you!

For more information, please contact:
Brigitte Appoo
Head of Sales & Marketing
Sacos Insurance Group
T 429 5000
E brigitte.appoo@sacos.sc

 

Sacos Rewards its Agents and Brokers for their high performance for the 2019 Life Agency Contest

Monday 18th May 2020

Every year, Sacos rewards its best agents and brokers for their hard work and commitment, not only in assisting the company to achieve its growth target but also in their outstanding effort to increase the number of individuals with financial protection for themselves, their assets and their families especially in the event of death or disability. The award also recognizes the agents and brokers for their pivotal roles in helping our customers to achieve financial security through our various saving schemes. Your dedication and devotion to your customers and to Sacos success is very much appreciated! Congratulations to all winners.

The Winners of our 2019 “The Race” are:

Agents Winners 2019_PhotosCustomers can contact our agents and brokers for more information on how they can secure and protect their future. Visit https://www.sacos.sc/about-us/local-agents/ for their contact details.

Be part of the Sacos Family – Be an agent for Sacos

Sacos here for you!

For more information, please contact:
Brigitte Appoo
Head of Sales & Marketing
Sacos Insurance Group
T 429 5000
E brigitte.appoo@sacos.sc

Notice to all customers from Sacos

2Notice_Blog_IMPORTANT_SC

Following the latest development of COVID-19 in Seychelles and in line with the Ministry of Health’s advice to implement Social distancing, Sacos has implemented the following precautionary measures to ensure the safety of staff and customers, while allowing us to continue to provide insurance service for new and existing customers.

General Insurance

Enquiries for New and Existing Customers

  • Customers can call us directly or email us on the following for a new insurance cover, for their insurance renewal or for any other queries
  • Customer can directly request a quote for any new product on our website http://www.sacos.sc and one of our staff will contact you.

Claims

Customers can call us directly on 4295065/4296054 or email: Claims@sacos.sc

Customers can download our claims form from our website: https://www.sacos.sc/claims/ , complete it, signed it and send it to use via email with the supporting document. Please note that the list of all documents required are at the end of the claim forms.

Life Insurance

Enquiries for New and Existing Customers

  • Customers can call us directly or email us on the following for any new policy they want to purchase or queries they have on their existing policies
  • Customer can directly request a quote for any new product on our website http://www.sacos.sc and one of our staff will contact you.

Claims

  • Customers can call us directly on 4295115 or email us email: life@sacos.sc
  • Customers can also download our claims form from our website: https://www.sacos.sc/claims/ , complete it, signed it and send it to use via email with the supporting document.

Payment Facility

  • Sacos has bank accounts in all the major banks, namely Nouvobanq, MCB, ABSA and Seychelles Commercial Bank and we would like to encourage our customers to use the Internet/Mobile banking facilities for those that have them, or you can pay directly to our account for other banks that doesn’t have the facility for your policy renewal or for your monthly life premium payment. Please contact us on our customer service number 4295008, whatsapp +248 2660950 or email us at info@sacos.sc and we will provide you with our account details for your respective bank.

Over the next few days, we will continue to communicate with you over developments, so please follow us on facebook @SacosInsuranceGroup and check our website http://www.sacos.sc for updates. We thank you for your understanding and we urge you to make use of our facilities above to protect yourself and your family. We remain a phone call away. Sacos Here for you.

YOUR FINAL WISHES COME TRUE WITH THE SACOS FUNERAL INSURANCE PLAN!

Sacos Funeral Plan insurance Seychelles 2020

If you talk to relatives of a recently deceased, they will probably warn you of the huge financial burden for funeral services.

How can you protect your loved ones from the financial burden of hosting your funeral?

The most practical answer is a simple one: Funeral Insurance Coverage….. and this is what Sacos is offering!

Continue reading “YOUR FINAL WISHES COME TRUE WITH THE SACOS FUNERAL INSURANCE PLAN!”